Bellwood Borough looks at finances

With new board member Steve Palovich on hand last night, Bellwood Borough Council heard from several individuals regarding finances and insurance.
Palovich was appointed to the board in October to fill the vacancy left after the resignation of Leonard Cherry. He was sworn in on Wednesday, October 18 by Mayor James Bonsell.
The board first heard from Cate Fraser and Public Services Officer Mark Miller, representing First Commonwealth Bank. The pair explained they met with council member Chris Creek and reviewed accounts looking for better interest rates. In the end, the board agreed with their suggestions to transfer some bank accounts to First Commonwealth Bank in order to earn higher interest rates and to streamline operations.
Next, board members heard from CPA Steve Hess who presented a tentative 2007 budget, which council will review for next month’s meeting.
Finally, April Ressler from Reed, Wertz and Roadman addressed the board regarding insurance. Council approved the renewal of the Commercial Package Insurance for 2007.
After public comment, it was announced the Christmas tree lighting will be held Monday, November 20 in front of the borough building.
Also, the board released $500 to the Bellwood Clubsmen Association for the Halloween parade and Children’s Christmas Party which will be held December 17 at 1 p.m. in the Eagle’s Ballroom.
In other business, the board rescinded a motion made on August 7 regarding the approval of the Winter Traffic Agreement with PennDOT in the amount of $2,531.06. They then adopted a resolution to approve the Winter Traffic Agreement with PennDOT in the amount of $11,368.56.
Members also agreed to advertise a proposed outdoor furnace ordinance which will be voted on at the December meeting.